197
197
Dec 8, 2012
12/12
by
KOFY
tv
eye 197
favorite 0
quote 2
wealthy pay more in taxes. the uncertainty of what is going to happen is starting to have an impact on donations to charity. abc7 news reporter ama dates dates is live in the newsroom. >> it is possible the tax deduction for charitable giving could be capped next year. so the question is do you hold on to your money during the financial uncertainty or donate more while you know you will get a deduction. for one charity in san francisco it seems people are doing a little of both. the food pantry at the st. anthony foundation is in good shape today, but overall donations are down for the year. >> we are a little bit behind where we would like to be, where we are budgeted to be. >> the interim executive director says the charity is seeing interesting trends this holiday season that may have to do with the impending fiscal cliff. >> we are seeing people who have never given us a stock donation before stepping up and making that kind of gift to us. >> they could be concerned that the tax deduction for chair writ bel
wealthy pay more in taxes. the uncertainty of what is going to happen is starting to have an impact on donations to charity. abc7 news reporter ama dates dates is live in the newsroom. >> it is possible the tax deduction for charitable giving could be capped next year. so the question is do you hold on to your money during the financial uncertainty or donate more while you know you will get a deduction. for one charity in san francisco it seems people are doing a little of both. the food...
71
71
Dec 8, 2012
12/12
by
CSPAN
tv
eye 71
favorite 0
quote 0
it is how we do tax policy. which is how we make investments and how we deal with those families in the video worried about debt and higher education and retirement. >> on the tax side, as part of the adults of a solution, to you think the gap between the way work is tax and investment and capital gains are taxed -- does that have to narrow as part of the final solution? >> i think so. capital gains going up 20%, some people suggest even more. that is something we should look at. there is concern about that. the differential is one of the reasons why will the americans pay so little. ann romney be one of them. it is not really fair. he thought it was -- mitt romney being one of the imperious -- to being one of them. >> on the other side of the leisure, they never released a math and with a scribbled all of the house -- on the other side of the ledger him, they never released a nafta and where they scribbled on of the ideas. we have had an election. shut those two ideas still be on the table the that the presiden
it is how we do tax policy. which is how we make investments and how we deal with those families in the video worried about debt and higher education and retirement. >> on the tax side, as part of the adults of a solution, to you think the gap between the way work is tax and investment and capital gains are taxed -- does that have to narrow as part of the final solution? >> i think so. capital gains going up 20%, some people suggest even more. that is something we should look at....
176
176
Dec 8, 2012
12/12
by
FOXNEWSW
tv
eye 176
favorite 0
quote 0
even the estate tax and deductions and exemptions and he'll be done with tax reform. i think his goal is to make this set of tax changes permanents. >> i think he wants one other thing, republican fingerprints, that is votes in favor of raising rates because he knows if that happens. he decides the republican party and offers some protection for democrats for raising taxes in the next congressional election. >> absolutely. breaking the republican party would be a benefit to this plan, also, i don't think barack obama minds in the tax rates go up on the middle income people as well. >> paul: he's promised-- you're saying-- >> the ultimate win is to have all of that new revenue for the government and being able to blame it on the republicans. >> paul: wait a minute, if you're saying we go over the cliff, nothing happens in december, come january the president will not turn around and insist on the middle class portion of in tax? >> i think if he was allowed to say, look, republicans wouldn't come along on this. >> paul: wait, wait, hold, hold. 20 million people will be
even the estate tax and deductions and exemptions and he'll be done with tax reform. i think his goal is to make this set of tax changes permanents. >> i think he wants one other thing, republican fingerprints, that is votes in favor of raising rates because he knows if that happens. he decides the republican party and offers some protection for democrats for raising taxes in the next congressional election. >> absolutely. breaking the republican party would be a benefit to this...
174
174
Dec 8, 2012
12/12
by
CNNW
tv
eye 174
favorite 0
quote 0
stop it, how would letting taxes go up be a violation or make the tax cuts a violation? that's inconsistent. one other item is the payroll tax. nobody seems to be talking about that. if the pledge applies to one, it applies to the other. >> it would be much easier if we didn't have all the temporary measures or pledges. mr. yoho, have you ever spoken to grover norquist? >> i have had the opportunity to speak to him. icon vaed my feelings. he seemed okay with that. i agree with congressman cole. we have a spending problem in this country. we've got the revenue. we need to get the economy growing to increase that revenue. i just want tori mind you, too, i'm not a member of congress yet. i'm sworn in january 3. after that i will be sworn at, i'm sure. >> you're a lucky guy for the next 30 days. enjoy it. >> gentlemen, thank you very much for joining us. we appreciate it. representative tom cole from oklahoma and congressman elect ted yoho from florida. >>> coming up, low taxes have been an article of faith among republicans for decades. is the gop willing to take us over th
stop it, how would letting taxes go up be a violation or make the tax cuts a violation? that's inconsistent. one other item is the payroll tax. nobody seems to be talking about that. if the pledge applies to one, it applies to the other. >> it would be much easier if we didn't have all the temporary measures or pledges. mr. yoho, have you ever spoken to grover norquist? >> i have had the opportunity to speak to him. icon vaed my feelings. he seemed okay with that. i agree with...
125
125
tv
eye 125
favorite 0
quote 0
gains tax cut, not from the income-tax increase. lou: you and i have done what the republicans, perhaps too often. we talk about the economics of it, the theoryf it, if you will, the extraction of it, but but the reality is the republican party has not come up with a rejoinder, a response to a, if you will, a socialist redistributionist president wh right now claims the field is on because there is no other standard flying over hat field. there is a speaker of the house to is simply saying, this is not right. you know, we are not at the table and complaining, but not, not engaging. >> i think we have got to engage the argument. we cann win the argument while acknowledging that an increase in tax rates would increase revenues and all. it will just today the top 1 percent are paying about 40 percent of the income tax. the top 5 percent are paying 87% of the income tax. it does not get any better than that. this is nder the bush tax rates. you eliminate those tax rates an you will get less revenues, more capitol flight from the united
gains tax cut, not from the income-tax increase. lou: you and i have done what the republicans, perhaps too often. we talk about the economics of it, the theoryf it, if you will, the extraction of it, but but the reality is the republican party has not come up with a rejoinder, a response to a, if you will, a socialist redistributionist president wh right now claims the field is on because there is no other standard flying over hat field. there is a speaker of the house to is simply saying,...
208
208
Dec 8, 2012
12/12
by
MSNBCW
tv
eye 208
favorite 0
quote 0
they are saying we're not voting for a tax rise or a tax cut. we're kind of abstaining all around. well, if that's their position, fine. i think they call that not leading. >> secretary reich, what do you make of that? we talk about kibuki theater. is anything more kibuki than that, voting present instead of yes, abstaining instead of casting a vote one way or another? >> it's a game within a game within a game. and it's an insiders game. the fact of the matter is most americans, even if they're called republicans, even if they consider themselves conservatives, they understand that 98% of americans do deserve a tax cut, a continuation of the bush tax cuts. and they understand that the rich have never been as rich, and they've never paid an effective tax rate that is as low in living memory. if we have a budget deficit at all, it is only fair. and you don't have to be -- again you don't have to be a republican, you can be a common sense republican to understand that this requires that the bush tax cuts not be extended for the richest 2%. it is finally getting through. and i think t
they are saying we're not voting for a tax rise or a tax cut. we're kind of abstaining all around. well, if that's their position, fine. i think they call that not leading. >> secretary reich, what do you make of that? we talk about kibuki theater. is anything more kibuki than that, voting present instead of yes, abstaining instead of casting a vote one way or another? >> it's a game within a game within a game. and it's an insiders game. the fact of the matter is most americans,...
SFGTV: San Francisco Government Television
49
49
Dec 8, 2012
12/12
by
SFGTV
tv
eye 49
favorite 0
quote 0
florence mar, tax director of the office of treasurer tax collectors. we'd like to thank supervisor campos for sponsoring this ordinance. it follows the efforts of former supervisor montgomery gold rick, alioto-pier, [speaker not understood], enforcing the san francisco parking tax. as background, parking tax has been in effect over 40 years. rent tax paid for parking, the operator collects the tax from the occupant, holds it in trust and remits it to the city on a monthly basis. it is a significant and growing revenue source for the city generating over $70 million annually. most of the tax is appropriated by board and to mta. the three components that i'll mention briefly here relate to parking bond, administrative citations, and the government agencies. parking bonds are required of operators to protect the city's interests and provide security for the taxes that the operator remits to the city. the legislation expands to a level of the bonding required of parking operators from 7 to 18. and this is in response to industry requests for smaller bands
florence mar, tax director of the office of treasurer tax collectors. we'd like to thank supervisor campos for sponsoring this ordinance. it follows the efforts of former supervisor montgomery gold rick, alioto-pier, [speaker not understood], enforcing the san francisco parking tax. as background, parking tax has been in effect over 40 years. rent tax paid for parking, the operator collects the tax from the occupant, holds it in trust and remits it to the city on a monthly basis. it is a...
430
430
Dec 8, 2012
12/12
by
FOXNEWSW
tv
eye 430
favorite 0
quote 0
so it's both cutting and taxing, we're too focused on the tax. bottom line, the government takes it out of the system cutting and raising taxes and the small or deficit. that means that people are going to be out of work, almost by definition in the short run. but in the long run it's a healthier economy that doesn't go down the path of greece. if the long run greece would have low unemployment, but they do not, but yes, we're going to go a percent, if it happens the worse case scenario, but in five years we won't be not able to borrow money. >> brenda: julian, you can go ahead and respond. >> first of all, the ernst & young study has been debunked over and over. and number two, the bush tax cuts, if you let the bush tax cuts. the crs study was a republican study and found the same thing as the cbo. if you let bush tax cuts expire on everybody, yes, you would have negative economic impact. the two staetudies done recentl shows the top two rates, top 2%, virtually no impact. to jonas' point if you raise taxes a the lot and cut spending a lot and s
so it's both cutting and taxing, we're too focused on the tax. bottom line, the government takes it out of the system cutting and raising taxes and the small or deficit. that means that people are going to be out of work, almost by definition in the short run. but in the long run it's a healthier economy that doesn't go down the path of greece. if the long run greece would have low unemployment, but they do not, but yes, we're going to go a percent, if it happens the worse case scenario, but in...
105
105
Dec 8, 2012
12/12
by
MSNBCW
tv
eye 105
favorite 0
quote 0
are you -- is there no deal at the end of the year if tax rates for the top 2% aren't the clinton tax rates, period. no ifs, ands or buts on that specific aspect of the fiscal cliff. >> with respect to the tax rates, i want to emphasize, i am open to new ideas. i'm not going to slam the door in their face. i want to hear -- i want to hear ideas from everybody. >> that's not a no. here is the treasury secretary timothy geithner. >> there's no agreement that doesn't involve the rates going up on the top 2%. >> not necessarily going up to the clinton era rates. just going up. today at a press conference at the capital, bain got a question about this. listen carefully to how he responded or didn't respond. >> you did speak with the president earlier this week. can you characterize this call? and also we understand that he just is making clear that it's got to be increasing rates for the wealthy or no deal. are you willing to give a little bit? maybe just not all the way to 39.6? >> the phone call was pleasant, but just more of the same. the conversations that the staff had yesterday, just
are you -- is there no deal at the end of the year if tax rates for the top 2% aren't the clinton tax rates, period. no ifs, ands or buts on that specific aspect of the fiscal cliff. >> with respect to the tax rates, i want to emphasize, i am open to new ideas. i'm not going to slam the door in their face. i want to hear -- i want to hear ideas from everybody. >> that's not a no. here is the treasury secretary timothy geithner. >> there's no agreement that doesn't involve the...
88
88
Dec 8, 2012
12/12
by
MSNBCW
tv
eye 88
favorite 0
quote 0
some increase in marginal tax rates coupled with some kind of cutting back on tax expenditures. the real concern is shifting or will shift from the fiscal cliff to the debt limit. it's not at all clear that the republicans will agree to including a debt limit increase in that kind of package. if they don't, we may get past december 31st only to find ourselves with a big problem in february or march. >> the obama administration, the white house has been very clear, they will not sign anything, even to get past december 31st. that doesn't include a debt ceiling of some sort. so do you think they can hold firm on that if republicans offer them a package that doesn't include the debt ceiling? >> this is where i think the tension is now arising, which is even if you have some agreement over the tax rates which will jam the republicans a bit, can you jam them on the debt limit also. i think the concern will be an administration overstepping or overreaching and trying to jam a debt limit increase, especially the kinds that are being discussed now. i'm all in favor of getting rid of the
some increase in marginal tax rates coupled with some kind of cutting back on tax expenditures. the real concern is shifting or will shift from the fiscal cliff to the debt limit. it's not at all clear that the republicans will agree to including a debt limit increase in that kind of package. if they don't, we may get past december 31st only to find ourselves with a big problem in february or march. >> the obama administration, the white house has been very clear, they will not sign...
172
172
Dec 8, 2012
12/12
by
CNBC
tv
eye 172
favorite 0
quote 0
everyone is obsessed with the taxes. taxes are very important. no one is talking about spending cuts. no one is even barely talking about the sequester, the across the board sequester. and mark, if you don't make a deal, the withholding tax rates start going up in january. the treasury and irs can postpone it but not for long. americans will feel those tack hikes in january. they'll really feel them in february. by march if there's no deal they're really going to start getting hurt and it's going to damage the economy. so what you're saying is, you got no tax cuts. they're all tax hikes. and on top of that, there's no spending. i don't think that's what the public wants. >> what i'm saying is the revenue increase has to be a smaller number than the spending cuts. democrats had better accept that. that's going to be the case. >> i don't know. you look at mr. obama's story, his revenue increases over the whole ten-year period are larger than his spending reductions according to most people who have made the score card. i don't think that's what peo
everyone is obsessed with the taxes. taxes are very important. no one is talking about spending cuts. no one is even barely talking about the sequester, the across the board sequester. and mark, if you don't make a deal, the withholding tax rates start going up in january. the treasury and irs can postpone it but not for long. americans will feel those tack hikes in january. they'll really feel them in february. by march if there's no deal they're really going to start getting hurt and it's...
205
205
Dec 8, 2012
12/12
by
MSNBCW
tv
eye 205
favorite 0
quote 0
their tax rates are low. meanwhile, the middle class is disappearing, and they're in a lot of trouble. yes, the wealthy and large corporations must be asked to play a significant role in deficit reduction. yes, we must not cut social security, medicare, medicaid, education. that's not bernie sanders' point of view that is clearly what the american people believe. and the president, democrats have got to hold firm and when they do, it will finally be the republicans that come to the table rather than just the democrats caving in, as has been the case in the past. >> all right, senator bernie sanders, appreciate your time on this friday night. thank you so much for joining us. >>> coming up, the fight over the fiscal cliff is putting american jobs at risk. one of these congressional members is lying about the problem. we'll use the newest job numbers to get to the truth next. >>> and republicans in michigan are ramming through antiunion legislation and hurting middle class americans in the process. the people o
their tax rates are low. meanwhile, the middle class is disappearing, and they're in a lot of trouble. yes, the wealthy and large corporations must be asked to play a significant role in deficit reduction. yes, we must not cut social security, medicare, medicaid, education. that's not bernie sanders' point of view that is clearly what the american people believe. and the president, democrats have got to hold firm and when they do, it will finally be the republicans that come to the table rather...
228
228
Dec 8, 2012
12/12
by
MSNBCW
tv
eye 228
favorite 0
quote 0
taxes, raising taxes is last on the list. we need to look at the spending side more than anything else. >> will there be a concerted effort to usher in a new era of compromis compromise? >> you know what, i look forward to seeing that. i've talked to people on the democratic side. and i said what can we do to put the party politics aside and let's put the country first? and it was interesting getting the feedback. because the any freshmen coming in seem to feel the same way. and i look forward to sitting down with them. and right now i'm not involved in that process. we're on the outside and i have an opinion just like everybody else. i know mr. boehner has been working real hard trying to work out a deal with mr. obama. and i just hope they can come to grips and terms so that we have some certainty. that's the biggest thing facing our nation as far as the business people. what washington has done is they've created a climate of confusion over the last five, ten years with their policies, rules, regulations and mandates. and
taxes, raising taxes is last on the list. we need to look at the spending side more than anything else. >> will there be a concerted effort to usher in a new era of compromis compromise? >> you know what, i look forward to seeing that. i've talked to people on the democratic side. and i said what can we do to put the party politics aside and let's put the country first? and it was interesting getting the feedback. because the any freshmen coming in seem to feel the same way. and i...
200
200
Dec 8, 2012
12/12
by
CNNW
tv
eye 200
favorite 0
quote 0
this is raising the tax rate on the wealthy. but eliminating loopholes, are you with the speaker of the house? >> unfortunately, the presidency has already taken us over the cliff. businesses have already paired back their plans and they're hiring for next year anticipating what's going to happen. so we can fix this christmas eve, if we want. but we've already hurt the economy and hurt -- >> are you with boehner? >> i'm not with boehner. this guy doesn't need more money. >> we doubled spending. >> well, we have already offered to extend current tax rates. that's what we should have done six months ago until we could come to some agreement, some compromise on tax reform. >> when you say compromise, where are you ready to compromise, as far as taxes are concerned. >> well, how we go about tax reform, there's a lot of room to work together. >> lower the rats. i'm not sure where the democrats are. th they have not offered the plan. >> they keep the bush tax rates. the top two percent let them go from 35% to 39.6%. >> it's incredible
this is raising the tax rate on the wealthy. but eliminating loopholes, are you with the speaker of the house? >> unfortunately, the presidency has already taken us over the cliff. businesses have already paired back their plans and they're hiring for next year anticipating what's going to happen. so we can fix this christmas eve, if we want. but we've already hurt the economy and hurt -- >> are you with boehner? >> i'm not with boehner. this guy doesn't need more money....
131
131
Dec 8, 2012
12/12
by
FOXNEWSW
tv
eye 131
favorite 0
quote 0
it will be tax cuts. obama's premise that this country'country'scountry's firse fraudulent and he's fixing it, and they'll be etched in stone. tax cuts. >> the president has given the republicans flexibility to come up with a credible, specific plan. what they offered in return was an empty letter. >> when it comes to fiscal cliff that's threat nick our economy and threatening jobs, the white house has wasted another week. >> tax cuts is what caused the fall of the united states from super power status. >> this president just won a big election and you would think that he would want to lead. >> we've had the election. the president was clear in the campaign that he was advocating and fighting for the middle income tax cuts. >> tax cuts. the whole premise of tax cuts is going to be blamed for all of this economic mess. >> this is a moment of truth. the clock is ticking, christmas it coming, the goose is getting fat. in many homes across america, it's a very, very lean time. >> the reports indicate that the
it will be tax cuts. obama's premise that this country'country'scountry's firse fraudulent and he's fixing it, and they'll be etched in stone. tax cuts. >> the president has given the republicans flexibility to come up with a credible, specific plan. what they offered in return was an empty letter. >> when it comes to fiscal cliff that's threat nick our economy and threatening jobs, the white house has wasted another week. >> tax cuts is what caused the fall of the united...
102
102
Dec 8, 2012
12/12
by
CSPAN
tv
eye 102
favorite 0
quote 0
this top 2% which otherwise gets a tax cut, it continues a tax cut in the middle income tax extension. this is a moment of truth. the clock is ticking, christmas is coming, the goose is getting fat but in many homes across america it is a very, very lean time. the facts are though very important to reiterate. democrats have already agreed in the budget control act and other cuts in this congress to 1.6 trillion dollars in cuts, in spending cuts. we've already agreed in the affordable care act and in the president's budget to over a trillion dollars in savings to medicare without doing any harm to beneficiaries and extended the life of medicare. what is lacking are the revenues. you cannot cut your way to deficit reduction. what does reduce the deficit are jobs, job creation. have the spending cuts, we have the medicare savings, what we need are the revenues. and that is what you have to ask the question, why are we not here to pass the middle income tax cut which unleashes the high end -- increases the high end contribution to the budget talks. why are we not here to pass the middle i
this top 2% which otherwise gets a tax cut, it continues a tax cut in the middle income tax extension. this is a moment of truth. the clock is ticking, christmas is coming, the goose is getting fat but in many homes across america it is a very, very lean time. the facts are though very important to reiterate. democrats have already agreed in the budget control act and other cuts in this congress to 1.6 trillion dollars in cuts, in spending cuts. we've already agreed in the affordable care act...
414
414
Dec 8, 2012
12/12
by
FOXNEWSW
tv
eye 414
favorite 0
quote 0
tax cut. could it be that the republicans are holding the middle income tax cuts as they have all along hostage to tax cuts for the wealthy? >> can i give another analogy? do you mind? it's just crazy, the former speaker of the houses the republicans are holding the middle class hostage. the two sides that come to the bargaining table may want to come to spending cuts on tax increases. think of it you are selling a house. you want to sell your house, the buyer comes in and you say i think my house is worth 400,000 bucks but the other side comes in and says i'm starting at zero. that's what the democrats brought. that's what the president brought to the table. he he said $1.6 trillion in tax increases and no spending cuts. >> that's a great point. you know why? because what the republicans did was that paperwork. they got all their ducks in a row. got cantor's tax revenue. paul ryan $800 billion. paul ryan and eric cantor who eric cantor before said he wouldn't sign $800 billion in revenue. he
tax cut. could it be that the republicans are holding the middle income tax cuts as they have all along hostage to tax cuts for the wealthy? >> can i give another analogy? do you mind? it's just crazy, the former speaker of the houses the republicans are holding the middle class hostage. the two sides that come to the bargaining table may want to come to spending cuts on tax increases. think of it you are selling a house. you want to sell your house, the buyer comes in and you say i think...
547
547
Dec 8, 2012
12/12
by
KQEH
tv
eye 547
favorite 0
quote 0
how about that for tax reform! check it out yourself in the documentary "capitol crimes" on our website billmoyers.com. you'll see the story of how the man who has the republican party under his thumb came to washington to start a revolution and wound up running a racket. now he's the proxy for the powerful interest groups that finance him. so, not only does the norquist pledge symbolize a "political system short on legitimacy," as christopher caldwell wrote, it isn't even about principle or ideology. conservatism my foot, it's all about the money. coming up on "moyers and company," poet james autry on living a life of gratitude, no matter what. >> the world is very much with us. and i'm no pollyanna, but i choose gratitude as an interior journey, an interior practice that sort of this one that, if i can choose to be grateful for my life, love the life i have in the midst of all this, then i can be grateful for other things. >> and at our website, billmoyers.com, you can find out more about fighting back against th
how about that for tax reform! check it out yourself in the documentary "capitol crimes" on our website billmoyers.com. you'll see the story of how the man who has the republican party under his thumb came to washington to start a revolution and wound up running a racket. now he's the proxy for the powerful interest groups that finance him. so, not only does the norquist pledge symbolize a "political system short on legitimacy," as christopher caldwell wrote, it isn't even...
114
114
Dec 8, 2012
12/12
by
MSNBCW
tv
eye 114
favorite 0
quote 0
nobody creates a job to get a tax cut. you create jobs when you have more customers with more money to spend on product and services. it's getting money throwing through the bottom 90% of the economy. >> we're seeing record levels of long-term unemployment right now. this is the angst in the economy. even though it's dropped to 7.7%, millions of people have been out of work for 27 weeks or more. long-term unemployment benefits expire on december 29th. this is part of the cliff. it's going to be a tough holiday for a lot of families across the country. last week, we got to point out that the congressional budget office was reported we could add 300,000 more jobs by extending benefits. it would cost $30 billion. now will republicans agree at least to extend the unemployment benefits or do they just not see any value in doing that. because they are just opposed to it. >> they only need about 25 republicans to step over to agree to do this. and you're seeing grover norquist grip fall apart. this is a really important thing to
nobody creates a job to get a tax cut. you create jobs when you have more customers with more money to spend on product and services. it's getting money throwing through the bottom 90% of the economy. >> we're seeing record levels of long-term unemployment right now. this is the angst in the economy. even though it's dropped to 7.7%, millions of people have been out of work for 27 weeks or more. long-term unemployment benefits expire on december 29th. this is part of the cliff. it's going...
149
149
Dec 8, 2012
12/12
by
MSNBCW
tv
eye 149
favorite 0
quote 0
so, you know, i think the discussion is is it really a tax problem or a tax and a spending problem? if we agree it is spending, let's start to talk about some of the spending. >> where will the compromise come, though? is there room to compromise on the tax percentage, or if you do the sliding scale and move it from the 250,000 benchmark to 500,000 income earnings benchmark. >> i think the discussion the speaker advanced which matches what the president talked about in terms of his campaign of $800 billion in new revenues, getting there through less deductions is on the table. at this point we want to see, mr. president you show us yours and we'll show us ours. these negotiations go step by step closer and closer. i do agree with an early panelist that said the president probably wants to be a little bit freer from his base and so does the speaker to some degree. we are very interested in the spending cuts, and i can tell you that if the president gives us a good deal that reduces spending, takes down the deficit, and turns the economy around and creates jobs, we're going to be all
so, you know, i think the discussion is is it really a tax problem or a tax and a spending problem? if we agree it is spending, let's start to talk about some of the spending. >> where will the compromise come, though? is there room to compromise on the tax percentage, or if you do the sliding scale and move it from the 250,000 benchmark to 500,000 income earnings benchmark. >> i think the discussion the speaker advanced which matches what the president talked about in terms of his...
129
129
tv
eye 129
favorite 0
quote 0
there's not a tax for that, pretty sure. to the point to have the additional costs which would have to be hundreds and hundreds of billions of dollars, where's that's coming from? unless they use taxes on fuels to be the solution, that, at least, in theory, does not cost the government money. it doesn't mean it passes or have other effects. neil cost money? >> not economy, but it will not look like they need o snd to solve the problem if that's the way it goes. neil: [inaudible] >> yeah, we're broke. we're turn your pockets inside out, it's over. no money. neil: you got the point across. thk you, both, very much. washington, we have a problem. don't think so? here's it's straight from the real guys behind this, after this. ♪ >> in is houston, say ain, please. >> houston, we have a problem. we have a main bolt, we have a lot of thruster, activity, houston. houston. just went offline. and we can save you 10% on ground shipping over the ups store. look this isn't first christmas. these als a seem great at the time... but late
there's not a tax for that, pretty sure. to the point to have the additional costs which would have to be hundreds and hundreds of billions of dollars, where's that's coming from? unless they use taxes on fuels to be the solution, that, at least, in theory, does not cost the government money. it doesn't mean it passes or have other effects. neil cost money? >> not economy, but it will not look like they need o snd to solve the problem if that's the way it goes. neil: [inaudible] >>...
98
98
tv
eye 98
favorite 0
quote 0
name, and, now, the tax cuts are good. how can this be? it's interesting, isn't it? that's all for us. have a great weekend. we'll see you monday. good night from new york. ♪ neil: sometimes you can sum up a week with a couple words, but this week, it's with this ad. >> cutting hundreds of billions of dollars from medicare and medicaid short change the people who need it the most. if you don't want seniors to come up empty, call your members of congress and tell them don't make a bad deal that cuts our care. neil: if that doesn't tell you real cuts are not coming, neighbor 101 democratic congressman want not to cut social security could drop a hint coming days after the national black cause cues coming further urging all entitlements, not just social security, be left off the cliff talks. you wonder why i fear we had headed for the cliff fast. welcome, everybody, i'm neil cavuto. that's really the deal this week. no deal this week. hence, that if one of the seriously coming behind closed doors, it's one that risks closin
name, and, now, the tax cuts are good. how can this be? it's interesting, isn't it? that's all for us. have a great weekend. we'll see you monday. good night from new york. ♪ neil: sometimes you can sum up a week with a couple words, but this week, it's with this ad. >> cutting hundreds of billions of dollars from medicare and medicaid short change the people who need it the most. if you don't want seniors to come up empty, call your members of congress and tell them don't make a bad...
118
118
Dec 8, 2012
12/12
by
CSPAN
tv
eye 118
favorite 0
quote 0
they also pay the taxes themselves. like most working americans, they actually see the tax dollars. small-business people write the check and send it into the irs and see every last dime of it. there is a tax collectors, they collect with holdings and send them in as well. they are the only people who really see, touch, feel, implement every aspect of the tax code. that is why it is high on their minds and agenda. one thing about the structurally unemployed is that there may be more hope for them this time. we had this before in the 1970's. happened then was not good. people lost 40% of their income. five years later they lost most if not all of their benefits and that is where they stayed where they left the labor market. this time there is some hope that the depth of the recession and enter manufacturing and in construction because of the tie to the construction industry and wall street will climb out of this of the enter a robust way. all of the numbers show rises in part because the whole is so deep. it is a bit of a false dawn. it is doubtful construction will go back to what i
they also pay the taxes themselves. like most working americans, they actually see the tax dollars. small-business people write the check and send it into the irs and see every last dime of it. there is a tax collectors, they collect with holdings and send them in as well. they are the only people who really see, touch, feel, implement every aspect of the tax code. that is why it is high on their minds and agenda. one thing about the structurally unemployed is that there may be more hope for...
184
184
Dec 8, 2012
12/12
by
FOXNEWSW
tv
eye 184
favorite 0
quote 0
and middle class taxes will go up. six out of 10 people say if a deal is reached, middle class taxes will go up anyhow and they don't expect to see spending cuts. there is a lot of skepticism, and even if there is a tax hike of any kind in this people don't think it will reduce the deficit. they think it will be spent on new programs. >> the consumer confidence survey out of michigan just came out. but you have your own consumer confidence. talk to us about that. >> we measure consumer confidence every day. right now the confidence levels are about as high as they have been in the last four years. a little higher than we saw earlier in the year this. is a big reason president obama was re-elected. and on our daily tracking, the highest single day of consumer confidence in the last four years was two days before the election. >> interesting. scott rasmusson, thanks very much. >> thanks, scott. >>> that will do it for us. rick and arthel will take over at the top of the hour. >> we will see you here at 4:00 p.m. eastern.
and middle class taxes will go up. six out of 10 people say if a deal is reached, middle class taxes will go up anyhow and they don't expect to see spending cuts. there is a lot of skepticism, and even if there is a tax hike of any kind in this people don't think it will reduce the deficit. they think it will be spent on new programs. >> the consumer confidence survey out of michigan just came out. but you have your own consumer confidence. talk to us about that. >> we measure...
255
255
Dec 8, 2012
12/12
by
FOXNEWSW
tv
eye 255
favorite 0
quote 0
the problem is do you want to pay more in taxes or will the rich pay more in taxes? the other guys should pay more in taxes. the top 1% in this country pay 40% of the taxes. that's not fair. i wish the president would tell me what is fair? the top 10% pay 70% of the taxes. is that fair? do they want to pay 100% of the tacks? what is fair? right now the president is doing what democrats do. give me the tax increase first and then we will talk about the spending cuts. if they want to do a fair plan to benefit the american people, let's do something crazy. let's cut the spending before we talk about additional revenue. >> i think a lot of people look at this as an opportunity for the president to do something bill clinton did when he reformed welfare during his presidency which is to go after one of the democrat's say crad cows for the -- sacred cows for the sake of the country and make an impact for his legacy in the long-term. is there an opportunity to do something like that when it comes to cutting spending on our entitlement programs and to make a difference for th
the problem is do you want to pay more in taxes or will the rich pay more in taxes? the other guys should pay more in taxes. the top 1% in this country pay 40% of the taxes. that's not fair. i wish the president would tell me what is fair? the top 10% pay 70% of the taxes. is that fair? do they want to pay 100% of the tacks? what is fair? right now the president is doing what democrats do. give me the tax increase first and then we will talk about the spending cuts. if they want to do a fair...
58
58
tv
eye 58
favorite 0
quote 0
tax the rich a 10 for the next hundred years. they are intent on preserving them, extending them, and creating them, making them larger meaning bigger bills and government conol. neil: can't they throw a bone to republicans, offer you at the gate, $800 billion in tax hikes? couldn't you throw it back at them first thing offered, doubling the tax hikes, $1.6 trillion. a clumsy start from the get-go, but i don't see any proposals to match, not the republicans spelled out they get the hikes, but to match the effort to raise taxes. >> well, look, at the end of the day, this is the theater they put down the marker, no way, no how will we compromise, and the other says no way, no how will we compromise. at the end of the day, they compromise. thee have no choice. what you'll see is certain lines in the sand that the president said he will not accept. he will not accept a deal that does not include tax hikes on the wealthy. the same time, he understands that in order to get that, he has to give the republicans something they want. by th
tax the rich a 10 for the next hundred years. they are intent on preserving them, extending them, and creating them, making them larger meaning bigger bills and government conol. neil: can't they throw a bone to republicans, offer you at the gate, $800 billion in tax hikes? couldn't you throw it back at them first thing offered, doubling the tax hikes, $1.6 trillion. a clumsy start from the get-go, but i don't see any proposals to match, not the republicans spelled out they get the hikes, but...
156
156
Dec 8, 2012
12/12
by
FOXNEWSW
tv
eye 156
favorite 0
quote 0
there will be no deal without tax increases . art lakker former member of the reagan advisory board said it is not good economics and it will contribute to more lay offings. he predicts despite the protest, the gop will lose and the president will make good on his promise. >> we want higher tax rates on the higher income earners and that the worst place to raise tax rates. they are employers and purchasers and they're the job creators and the last people you want to provide disincentives. the president will want it and giveget it and win the battle on the higher income people. >> you think that the gop will cave in. >> on this issue they have to . the gop, forgive me, uma. i am nolt an expert. i would like to see them passlet tax bill and extend it for people under $250,000 . extend the tax cuts for over $250,000 as well. in two separate bills and the democrats take full responsibility for the tax increases and they will own the bad economy of 2013 and 14 . the republicans can change government and bring back sensible economic po
there will be no deal without tax increases . art lakker former member of the reagan advisory board said it is not good economics and it will contribute to more lay offings. he predicts despite the protest, the gop will lose and the president will make good on his promise. >> we want higher tax rates on the higher income earners and that the worst place to raise tax rates. they are employers and purchasers and they're the job creators and the last people you want to provide disincentives....
208
208
Dec 8, 2012
12/12
by
MSNBCW
tv
eye 208
favorite 0
quote 0
the company gets a tax credit equal to those taxes in a confidential document. all over the place, that's what's happening. our tax dollars are being diverted to corporations through gifts, through tax credits, through all sorts of different mechanisms. >> how do we get into a conversation where we can talk about these elements rather than this sort of manufactured crisis? >> here is the thing. in your book, you really draw it here, the fact that these businesses are built a lot on ignorance. i have to say, a lot of industries, including the financial industry, is built on the fact that you have a bunch of people that know their product and how to structure it so that regular folks don't know what's going on. i don't think people are ignorant. people are really, really smart. there is so much to know when you have a giant corporation coming in and basically structuring everything so they can take those bank fees that never used to be there anymore and all those other fees you outlined. with the fiscal crisis, it is a matter of understanding. when you look at the
the company gets a tax credit equal to those taxes in a confidential document. all over the place, that's what's happening. our tax dollars are being diverted to corporations through gifts, through tax credits, through all sorts of different mechanisms. >> how do we get into a conversation where we can talk about these elements rather than this sort of manufactured crisis? >> here is the thing. in your book, you really draw it here, the fact that these businesses are built a lot on...
209
209
Dec 8, 2012
12/12
by
FOXNEWSW
tv
eye 209
favorite 0
quote 0
we are 25 days away from a series of automatic spending cuts and expiring tax credits or tax cuts anyway? economists say that would be a disaster. possibly costing million of american jobs. today the house speaker john boehner again accused the white house of holding up negotiations. he said the white house has wasted another week of potential deal-making. >> there are a lot of things that are possible but to put the revenue to the president seeks on the table. but none of it is going to be possible. the president insists on his position, insists on my way or the highway. >> the republican's way calls for spending cuts and tax loopholes though not specifics in a plan the white house says simply would not raise enough cash. mike emanuel with the news in washington tonight. a top congressional democrat today said it is vital that lawmakers hammer out a deal and soon. >> shep, that's the great unknown in all of this fiscal cliff fighting. some argue the country won't be badly damaged if the country hits the fiscal cliff. republicans and democrats keep arguing into the new year. others are w
we are 25 days away from a series of automatic spending cuts and expiring tax credits or tax cuts anyway? economists say that would be a disaster. possibly costing million of american jobs. today the house speaker john boehner again accused the white house of holding up negotiations. he said the white house has wasted another week of potential deal-making. >> there are a lot of things that are possible but to put the revenue to the president seeks on the table. but none of it is going to...
186
186
Dec 8, 2012
12/12
by
CNNW
tv
eye 186
favorite 0
quote 0
one, instead of raising the current tax rate on the wealthy from the 37% from the bush tax era, to 36%, as the president wants, pick a middle ground. republicans are so concerned about small businesses getting hit by increased rates, follow a bipartisan senate proposal from republican susan collins, now endorsed by republican olympi s well. all week, he tried to turn it around by making the president look unreasonable. >> the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. >> reporter: democrat jim manly were top congressional aides for years on opposite sides of many negotiations. >> when you have the negotiations, you have to fill the public space up with images of communications, on what the leaders are standing for. >> reporter: but manly, the democrat, from the president's perspective he says this time is different. >> the president and his team finally came to the result that they can't negotiate with hostage-takers, and learned their lesson from last year. >> the speaker says over and over he is waiting for the presiden
one, instead of raising the current tax rate on the wealthy from the 37% from the bush tax era, to 36%, as the president wants, pick a middle ground. republicans are so concerned about small businesses getting hit by increased rates, follow a bipartisan senate proposal from republican susan collins, now endorsed by republican olympi s well. all week, he tried to turn it around by making the president look unreasonable. >> the president has adopted a deliberate strategy to slow-walk our...
158
158
Dec 8, 2012
12/12
by
KQED
tv
eye 158
favorite 0
quote 0
tax rates for small businesses and individuals. it was a pretty good package, more than he should have expected coming off december 2010 after a month after republicans had swept the election and taken back control of the house. there's history here but now the economy is good enough that he feels he can say this is it, i'm standing my ground, we're going to end these rates and yet he still wants some stimulus in his deal, infrastructure spending. gwen: this is an interesting moment where we're not hearing a lot from either side. either they're keeping it to themselves because they're making progress or there's nothing to say. which is more likely? >> i think they're keeping it to themselves because they're making progress. there's something cooking behind the scenes. gwen: why do you think that? >> you saw last week when the president made his first offer to speaker boehner. boehner's office leaked that out almost immediately to the press and then mcconnell's office leaked out the fact that mccobble had laughed at tim geithner whe
tax rates for small businesses and individuals. it was a pretty good package, more than he should have expected coming off december 2010 after a month after republicans had swept the election and taken back control of the house. there's history here but now the economy is good enough that he feels he can say this is it, i'm standing my ground, we're going to end these rates and yet he still wants some stimulus in his deal, infrastructure spending. gwen: this is an interesting moment where we're...
120
120
Dec 8, 2012
12/12
by
CNNW
tv
eye 120
favorite 0
quote 0
you've heard endless arguing about higher taxes on the rich. let's set that aside and talk about the sequester the budget wonk word for a thing that will touch every american. $1.2 trillion in automatic budget cuts over the next decade, 100 billion next year alone, half in defense and half in non-defense, defense programs cut by 9.4% across the board and non-defense programs 8.2%. agencies are being told to identify the cuts. how will you feel them? fewer food inspections are likely. cdc budget cuts could make it harder to track food borne illness and cuts to the cancer institute, national science foundation and national cancer institute means 2,500 fewer research grants. worried about clean air and water, budget cuts will degrade the ability to protect the water we drink and the air we breathe. next, your safety. we could see fewer air traffic controllers, federal air marshalls, fbi agents, bothered security patrols. all those budgets would be cut. disaster relief funding also on the chopping block. the white house says that will undermine fed
you've heard endless arguing about higher taxes on the rich. let's set that aside and talk about the sequester the budget wonk word for a thing that will touch every american. $1.2 trillion in automatic budget cuts over the next decade, 100 billion next year alone, half in defense and half in non-defense, defense programs cut by 9.4% across the board and non-defense programs 8.2%. agencies are being told to identify the cuts. how will you feel them? fewer food inspections are likely. cdc budget...
127
127
Dec 8, 2012
12/12
by
FOXNEWSW
tv
eye 127
favorite 0
quote 0
so he gets tax hikes. but then what? i mean, the new normal that's being painted by your friends over at the oecd say our girls will probably be about 2.2%. 2% maybe if we're luck in next year. the new normal even with high taxes doesn't look good. >> yeah. let's hope it's higher than that i think it's going to be a bumpy 60 days in my view. fiscal cliff. as low as that 2% is. the awful state of the world right now is that is about the fastest growth rate of every advance the country on earth. that tells you exactly why the unemployment rate remains high and it comes down, you know, some as we saw in the jobs data today but not that fast. you know, i would say overall it's just moderately good news. >> austin, obviously you are not talking about china when you made that reference. china's economy. what did it grow at 7.2% recent numbers something like that? it's down a little bit. i will take those numbers. >> official numbers are. >> china growing at much faster rate than we are still with its own challenges. >> a whole
so he gets tax hikes. but then what? i mean, the new normal that's being painted by your friends over at the oecd say our girls will probably be about 2.2%. 2% maybe if we're luck in next year. the new normal even with high taxes doesn't look good. >> yeah. let's hope it's higher than that i think it's going to be a bumpy 60 days in my view. fiscal cliff. as low as that 2% is. the awful state of the world right now is that is about the fastest growth rate of every advance the country on...
303
303
Dec 8, 2012
12/12
by
CNNW
tv
eye 303
favorite 0
quote 1
if the tax break goes away as part of the so-called fiscal cliff they could be taxed on the $95,000 as additional income starting in 2013. >> how much homeowners will owe on that amount depends on the tax bracket they are in. on average it would be $20,000 to $25,000. banks have extra incentive to sell short and absorb the loss. under the act that went in this year the nation's biggest lenders get a credit on short sales. foreclosures also sell for $30,000 less than homes sold via short sales. expect short sales to jump more as homeowners look to avoid getting hit with taxes and banks look to avoid getting stuck with properties. if we go over the cliff the tax bill homeowners face with the short sale may be steep enough to walk away instead. that would push foreclosure rates higher in 2013. for smart is the new rich i'm christine romans. >> coming up, a huge legal headache for pop star shakira. she's being slapped with a $100 million lawsuit by her ex-boyfriend and former business partner. does he have a case? our legal guys share their thoughts. americans believe they should be in cha
if the tax break goes away as part of the so-called fiscal cliff they could be taxed on the $95,000 as additional income starting in 2013. >> how much homeowners will owe on that amount depends on the tax bracket they are in. on average it would be $20,000 to $25,000. banks have extra incentive to sell short and absorb the loss. under the act that went in this year the nation's biggest lenders get a credit on short sales. foreclosures also sell for $30,000 less than homes sold via short...
216
216
Dec 8, 2012
12/12
by
KRCB
tv
eye 216
favorite 0
quote 0
tax rates are the major sticking point. the president wants to raise them for america's highest earners, house republicans strongly oppose: >> instead of reforming the tax code and cutting spending, the president wants to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion dollar deficits for as far as the eye can see. washington's got a spending problem, not a revenue problem. >> tom: congress and the president have 24 days to reach a deal, before the fiscal cliff's tax hikes and spending cuts take effect. >> susie: mark zandi says "bad things will happen to the economy pretty fast" if lawmakers don't settle the fiscal cliff issue. he's chief economist of moody's analytics. so mark falling off the fiscal cliff means bad things. how bad? >> it could be quite bad, susie. i don't think it's if we get into january and we haven't settled this but if house mars haven't nailed thi down by early february, i think stock investors, bond investors will sta
tax rates are the major sticking point. the president wants to raise them for america's highest earners, house republicans strongly oppose: >> instead of reforming the tax code and cutting spending, the president wants to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion dollar deficits for as far as the eye can see. washington's got a spending problem, not a revenue problem. >> tom: congress and the...
66
66
Dec 8, 2012
12/12
by
KQEH
tv
eye 66
favorite 0
quote 0
>> 2%. >> raise taxes. >> 2%? >> raise tax revenue by capping deductions at 2%. >> at 2% of income? >> no, no, no. that will cause a revolution. [ laughter ] >> a bad idea. >> he said it would raise 400, $500 billion over a decades assuming the deductions were still allowed. that is more than half of the g.o.p. revenue goal. >> what you want to do is put a limit on the offsets you can have applied to your income if you're in the upper ranges of the income spectrum, okay? the top 2% is what he is talking about. there is something to that. i think whatever the program is, it seems to me we must do something about it. because otherwise if we have -- the debt ceiling is the critical issue. because if we get up there and we will get up there sometime between now and february, you could have another great collapse in terms of the confidence notice american dollar that. would be a huge, huge issue for the united states. so we must be in a position where it is not that we have authorized the spending of the money, we just don't have the money. we're running a deficit of $25 billion every we
>> 2%. >> raise taxes. >> 2%? >> raise tax revenue by capping deductions at 2%. >> at 2% of income? >> no, no, no. that will cause a revolution. [ laughter ] >> a bad idea. >> he said it would raise 400, $500 billion over a decades assuming the deductions were still allowed. that is more than half of the g.o.p. revenue goal. >> what you want to do is put a limit on the offsets you can have applied to your income if you're in the upper ranges...
160
160
Dec 8, 2012
12/12
by
MSNBCW
tv
eye 160
favorite 0
quote 0
they sent her a tax bill for $300,000. they wouldn't do that to you and your wonderful wife, and they wouldn't do that to other straight couples in this country. it's not fair. >> let's go to -- let's get revolutionary. we only have a few minutes. wonder looking at justice kennedy, maybe because he's irish, i'm just kidding, there's something about him i find very interesting. >> and from california. >> he's from california. if you look at the majority opinion in the case involving lawrence versus texas which was about outlawing or basically declaring sodomy -- anti-sodomy laws unconstitutional, he says not only in that court decision you can't deny a person's liberty in these cases to engage in intimate conduct but it's about something bigger. marriage is not about having constant sex, it's about having a loving relationship. it's about people. >> right. >> not organs. let me -- >> it's about families. >> okay. you tell it your way. if it gets down to questions of liberty and equal protection of the law, fundamental thing
they sent her a tax bill for $300,000. they wouldn't do that to you and your wonderful wife, and they wouldn't do that to other straight couples in this country. it's not fair. >> let's go to -- let's get revolutionary. we only have a few minutes. wonder looking at justice kennedy, maybe because he's irish, i'm just kidding, there's something about him i find very interesting. >> and from california. >> he's from california. if you look at the majority opinion in the case...